Season 6

Yup, we’re talking about your legacy – both financial and beyond. What does that even mean, and why is it so important to think about it right now, or no matter how young or old you are? And what does legacy have to do with “breaking the cycle” of harmful financial or other forms of behavior for yourself and those around you?

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What You Hear in This Episode:

• Why the popular or “conventional” way of thinking about money mindset is problematic
• How positive thinking can get you into trouble
• How to think of money mindset as a shift in perspective
• Examples of how a different perspective helps in your financial life /
• 4.5 questions to help you better your money mindset

Resources:

• How to Leave a Legacy Beyond Finances
• The Well Lived Life by Lyndsay Green
• Grieving a Spouse with Daniel Knopp
• The Ethical Will: Life Is About More Than Your Possessions
• The Ultimate Guide to Money Mindset Mastery
• Emotional Spending Guide
• Values Based Spending Guide

Donovan Dorrance

This bonus episode explores why the conventional way of thinking about the concept of money mindset is problematic. Like, what does money mindset even mean and can it help us rake in the dough or solve all our money problems? Let’s tackle this, including why money mindsets as the only solution is problematic, and how we can approach it in a more nuanced and effective manner.

SUBSCRIBE: Apple Podcasts | Spotify | Google Play | Android Apps

What You Hear in This Episode:

• Why the popular or “conventional” way of thinking about money mindset is problematic
• How positive thinking can get you into trouble
• How to think of money mindset as a shift in perspective
• Examples of how a different perspective helps in your financial life /
• 4.5 questions to help you better your money mindset

Resources:

• Why Values Are So Important to Money
• Removing Money From Your Self-Worth
• The Ultimate Guide to Money Mindset Mastery
• Emotional Spending Guide
• Values Based Spending Guide

Music by Donovan Dorrance

Sarah Potter comes on the season finale to talk about the time she she had to pay half her salary in medical bills, and how long it took for her to finally get a diagnosis for her debilitating illness. She also talks about why she married her now husband – it does have to do with love, but money was also involved – the shame she felt over her financial situation and why “safe” is her word of the year as it relates to her finances.

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What You Hear in This Episode:

• How many medical tests and months it finally took for Sarah to get a real medical diagnosis
• Why she believes her body gave out after dealing with an an abusive ex-husband, a special needs child and managing a business as a single mom
• How her and her how husband are tackling her insurmountable debt (and which types)
• What Sarah is doing to feel safe around her finances

Resources:

• Patient Advocate Foundation – help with medical debt
• Mother of Marketing
• Your Color is Red
• 7 Tips for Merging Finances in Blended Families
• The Ultimate Guide to Money Mindset Mastery
• Emotional Spending Guide
• Values Based Spending Guide

Music by Donovan Dorrance

Trigger Warning: this episode talks about stillbirth and some graphic descriptions of birth.

Winter Redd, host of the podcast Still A Part of Us, comes on the show to talk about how one year ago she and her husband had to bury their stillborn child. She talks about what the costs were – both at the hospital and for the funeral – how she grieved, and how the power of community was the saving grace during such a trying time.

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What You Hear in This Episode:

• How far along Winter was in her pregnancy when she couldn’t feel her son’s heartbeat
• What she had to pay in medical costs and funeral bills
• How a stranger changed how she viewed using money to help her community
• How Winter wants to remember her son Brannan and the legacy she wants to leave to the world

Resources:

• The Little Love Foundation (financial assistance for families who need funeral arrangements)
• From diagnostics to autopsy to burial, stillbirths are alarmingly expensive in America
• Hospital Costs Associated with Stillbirth Delivery
• The Ultimate Guide to Money Mindset Mastery
• Emotional Spending Guide
• Values Based Spending Guide

Music by Donovan Dorrance

 Michelle Jackson, founder of Michelle is Money Hungry, comes on the show to talk about the time she quit her extremely stable job without a backup plan and bought a one way ticket to Australia to recuperate from job related stress. She talks about how she managed to still pay off — get this— over 30 different debt accounts, how she found work afterwards, and the one question she asked herself before making such a drastic life change.

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What You Hear in This Episode:

• What exactly are values and how they relate to your financial life
• How the same values can play out differently for different people
• How to budget using your values in during leaner times
• Why financial experts aren’t all they’re cracked up to be

Resources:

• Michelle is Money Hungry
• Michelle’s podcast
• When Burnout Is a Sign You Should Leave Your Job
• The Ultimate Guide to Money Mindset Mastery
• Emotional Spending Guide
• Values Based Spending Guide

Music by Donovan Dorrance

This week’s episode is all about why your values with your finances are more important than ever. It sounds like some hokey concept that only people with tons of money can do, you know we have time to think about what really matters to us. But I assure you it’s not. While it’s vague, using values as way to guide your financial life is going to help you, whether you’re coming to grips with your current money situation or your bank account is stuffed to the max.

SUBSCRIBE: Apple Podcasts | Spotify | Google Play | Android Apps

What You Hear in This Episode:

• What exactly are values and how they relate to your financial life
• How the same values can play out differently for different people
• How to budget using your values in during leaner times
• Why financial experts aren’t all they’re cracked up to be

Resources:

• The Ultimate Guide to Money Mindset Mastery
• Emotional Spending Guide
• Values Based Spending Guide

Music by Donovan Dorrance

Cait Howerton, financial counselor and coach, comes on the show to talk about the time she left for college and her parents finding out she’s a lesbian. She chats about how she was still able to afford college, what the true costs were for her after she came out, and how her money relationship has changed since fully becoming part of the LGBTQ community.

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What You Hear in This Episode:

• Why Cait didn’t feel comfortable talking to her parents about her sexuality growing up
• What happened when she came out and not by choice
• What some of the opportunity costs are even though Cait is financially stable
• What it really cost her to move away from home
• How Cait reconciled with her parents, although their relationship isn’t the same as before

Resources:

• Work with Cait at Smartpath
• Follow Cait in Twitter
• Connect with Cait on LinkedIn
• The Ultimate Guide to Money Mindset Mastery
• Emotional spending guide
• Values Based Spending Guide

Music by Donovan Dorrance

This week’s episode is all about removing your self worth from your net worth. As in, you’re still a person of value whether or not you have a lot of money or earning power. In general, society teaches us that we need to constantly produce or have proof of wealth in order for us to feel good about ourselves. So let’s dig a little bit deeper about what this means and how can we start to remove our financial situation from our self worth.

SUBSCRIBE: Apple Podcasts | Spotify | Google Play | Android Apps

What You Hear in This Episode:

• What exactly is self worth and how that ties into our financial life
• Why social media isn’t the source of all our problems
• What happens when we use money to measure our sense of self
• Tools to start removing self worth from your net worth

Resources:

• The Ultimate Guide to Money Mindset Mastery
• Emotional Spending Guide
• Values Based Spending Guide

Music by Donovan Dorrance